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US trade gap widens to $58.2b in Jan PDF Print E-mail
Thursday, 13 March 2008

Agence France-Presse . Washington

The US trade deficit widened 0.6 per cent in January to 58.2 billion dollars, as crude oil prices rocketed, the government said Tuesday.

The bulging US trade gap widened at the start of the year compared with a revised 57.9 billion dollars in December.

Most economists had expected the deficit to widen, but by a bigger margin to 59 billion dollars.

The widening in the deficit was largely explained by increased oil costs as the average price for a barrel of imported oil struck a record 84.09 dollars per barrel.

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